penfoldpaul
Returning Member

Deductions & credits

Good point, but I didn’t enter it wrong.  It’s says “you have now maxed out the federal $10,000 deduction for itemized state and local taxes.  Combined with your state and local tax deductions, your $2700 property tax deduction reduced your income by $10,000, which lowered the tax you owe”

 

Anyway, I still don’t know how paying $2700 gets me a full $10,000 credit.  Any advice would be appreciated!